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IMPORTANT INFORMATION FOR BIDDERS & BUYERS

Conditions of Business

All lots are offered subject to Graham Budd Auctions Ltd’s (GBA) Conditions of Business.

Starting Bid

For each lot there is a published minimum starting bid.

sale.

Payment

Payment is due in sterling immediately after the sale and before purchases can be released. .

Methods of Payment

Graham Budd Auctions Ltd welcome the following Methods of Payment:

Credit/Debit Card

We are pleased to accept major credit cards (regrettably we are unable to accept American Express card payments), for which a surcharge will be made of 3% of the transaction total. This is to cover the charge made to us by our bank. There is no charge for payments made by debit card.

Sterling Bankers Draft or Building Society Sterling Cheque

Drawn on a recognised UK bank or building society. Please note that the auctioneer requires seven days to clear sterling cheques and we always reserve the right to hold goods until a cheque is cleared. This policy can only be overridden if the auctioneer receives authority otherwise from the Charity for which it is acting as agent in this auction.

Cash

Cash payments will be accepted up to a maximum of £6,000.

Electronic Transfer

Our bank details are:

Barclays Bank plc

Sort Code: 20-71-74

Account: 60420255

Account Name: Graham Budd Auctions Ltd

IBAN: GB64BARC20717460420255

SWIFT/BIC: BARCGB22

Paypal

Paypal payments can be made to gb@grahambuddauctions.co.uk. Please contact the auctioneer to be notified of the Paypal charge that will need to be added to the invoice total.

Collection or delivery or lots

On receipt of cleared funds, lots can be collected from our Enfield storage facikity. Please contact the auctioneer for details. Alternatively, GBA can supply competitive quotations for the delivery of uncollected lots, including packing and shipping on a worldwide basis. Arrangements should be made within 14 days of the auction. Thereafter the auctioneer reserves the right to apply storage charges on uncollected purchases.

Conduct of the Auction

Bidding will commence at the “starting bid” as published and advance in such increments as appropriate.Title in a lot will not pass to the buyer until GBA has received the purchase price in cleared funds.

Remedies for non-payment

Without prejudice to any rights that the seller may have, if the buyer fails to make payment for the lot, GBA may in its sole discretion exercise one or more of the following remedies:-

(a) cancel the sale of the lot;

(b) charge interest at 4% per annum above The Bank of England’s Base Rate from the payment date to the date that the purchase price is received in cleared funds;

(c) re-sell the lot by auction or privately, with the new sale price at GBA’s discretion, in which case the buyer will be liable for any shortfall between the original purchase price and the amount achieved on re-sale;

(d) commence legal proceedings to recover the purchase price for the lot, plus interest and legal costs;

(e) disclose the Buyer’s details to the seller to enable the seller to commence legal proceedings.

Data Protection

GBA will use information supplied by bidders or otherwise obtained lawfully by GBA for the provision of auction related services, client administration, marketing and as otherwise required by law. By agreeing to these Conditions of Business, the bidder agrees to the processing of their personal information and to the disclosure of such information to third parties world-wide for the purposes outlined in the above service provisions, and to the seller solely in the event on non-payment.

Miscellaneous

a) All images of lots, catalogue descriptions and all other materials produced by GBA are the copyright of GBA.

b) These Conditions of Business shall be interpreted in accordance with English Law, under the exclusive jurisdiction of the English Courts, in favour of GBA.